Petmed Express Shares Plunge On Q1 Earnings Miss
Petmed Express Inc (NASDAQ: PETS ) reported a first-quarter FY22 sales decline of 11.5% year-on-year, to $70.20 million, missing the analyst consensus estimate of $78.25 million. The gross profit for the quarter declined 8.4% Y|Y to $19.9 million, and the gross margin contracted 90 basis points to 28.4%. The operating margin was 5%, and operating income … Full story available on Benzinga.com
Petmed Express Shares Plunge On Q1 Earnings Miss
Petmed Express Inc (NASDAQ: PETS ) reported a first-quarter FY22 sales decline of 11.5% year-on-year, to $70.20 million, missing the analyst consensus estimate of $78.25 million. The gross profit for the quarter declined 8.4% Y|Y to $19.9 million, and the gross margin contracted 90 basis points to 28.4%. The operating margin was 5%, and operating income … Full story available on Benzinga.com